Guideline Value

Corporate

Guideline Value for A.G.S. Colony 4th Street

₹4400/sq.ft.

The guideline value for A.g.s. Colony 4th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹381 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹320 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on A.g.s. Colony 4th Street

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A.G.S. Colony 4th Street guideline value

The current guideline value of A.G.S. Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of A.G.S. Colony 4th Street has changed

The guideline value for A.G.S. Colony 4th Street has seen significant changes over the years. In 2002, the guideline value was Rs 320 per sq.ft. It increased to Rs 381 per sq.ft in 2003, marking a 19% rise. The value continued to climb, reaching Rs 1,500 per sq.ft in 2007, which represented a substantial increase of 294%. The value then rose to Rs 4,000 per sq.ft in 2012, reflecting a 167% increase from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33%. The value was Rs 4,000 per sq.ft again in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1275%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which aligns with the guideline value of A.G.S. Colony 4th Street.

Stamp duty and registration fee for property in A.G.S. Colony 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers A.G.S. Colony 4th Street?

A.G.S. Colony 4th Street falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the authorities will assess the higher value between the guideline value and the sale price to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 4th Street?

The current guideline value of A.G.S. Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 320 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1275%.

What are the stamp duty and registration fees for properties in A.G.S. Colony 4th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,96,000, based on the current guideline value of Rs 44,00,000.

Which Sub Registrar Office covers A.G.S. Colony 4th Street?

The Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, covers A.G.S. Colony 4th Street.

What is the land classification for A.G.S. Colony 4th Street?

The land classification for A.G.S. Colony 4th Street is Residential Class II Type - II, indicating its designation for residential use.